Mutares to acquire Kawneer EU from Arconic.

Mutares, a private equity holding company focused on acquiring and repositioning businesses, agreed to acquire Kawneer EU a European aluminum window and façade systems business, from Arconic, a US-based aluminum and engineered products company. Financial terms were not disclosed. “This acquisition marks a strategic step in further strengthening our construction focus in the Mutares Engineering & Technology segment. Kawneer is a perfect strategic fit for our existing portfolio companies, Byldis and Smart Curtain Wall – which is a part of Kalzip. These companies together broaden Mutares´ technological capabilities and customer offering, creating a competitive player in the European window and glass façade market." Johannes Laumann, Mutares CIO.